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How democratization occurs has also been used to explain other political phenomena, such as whether a country goes to a war or whether its economy grows. [4] The opposite process is known as democratic backsliding or autocratization.
In political science and in international and comparative law and economics, transitology is the study of the process of change from one political regime to another, mainly from authoritarian regimes to democratic ones rooted in conflicting and consensual varieties of economic liberalism.
Democratic backsliding [a] is a process of regime change toward autocracy in which the exercise of political power becomes more arbitrary and repressive. [24] [25] [26] The process typically restricts the space for public contest and political participation in the process of government selection.
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]
Although industrial democracy generally refers to the organization model in which workplaces are run directly by the people who work in them in place of private or state ownership of the means of production, there are also representative forms of industrial democracy.
Economic democracy (sometimes called a democratic economy [1] [2]) is a socioeconomic philosophy that proposes to shift ownership [3] [4] [5] and decision-making power from corporate shareholders and corporate managers (such as a board of directors) to a larger group of public stakeholders that includes workers, consumers, suppliers, communities and the broader public.
Shareholder democracy is a concept relating to the governance structure of modern corporations. In this structure, shareholders bear ultimate controlling authority over the corporation, as they are the owners and may exercise control within their economic rights. Although shareholders own the corporation, they generally take a passive interest ...
Elective rights – include eligibility (the right to run for office, that is, the right to be a candidate), and suffrage (the civil right to vote gained through the democratic process). Voting – a method for a group such as a meeting or an electorate to make a decision or express an opinion—often following discussions, debates, or election ...